05 Aug 2025

The Brihanmumbai Municipal Corporation (BMC) recently conducted an inspection drive at the Kamala Mills Compound in Lower Parel, taking action against numerous violations of safety and civic regulations. The drive, carried out by multiple departments, found illegal structural alterations, unauthorized extensions, and kitchens operating without proper licenses or fire safety measures. This special focus on Kamala Mills, a high-footfall area that experienced a tragic fire in 2017, is part of the BMC's wider effort to ensure compliance and prevent future incidents. Officials have served notices and issued stop-work orders, with further inspections planned across other commercial hubs in the city.Read more

05 Aug 2025

Sarovar Hotels, the Indian division of Louvre Hotels Group, has introduced its luxury Tulip brand to Nepal through the launch of Royal Tulip Chitwan, developed by KTM Hospitality. The resort aims to offer a blend of comfort, adventure, and local culture. Meanwhile, Marriott International has expanded its portfolio with the inauguration of Fairfield by Marriott Jaipur Tonk Road, marking a continued push into secondary markets and reinforcing its presence in Rajasthan's capital.Read more

05 Aug 2025

Affordable housing finance companies are projected to see their AUM rise from INR 1.4 lakh crore to INR 2.5 lakh crore by FY28, according to a recent ICRA report. The broader mortgage portfolio of NBFCs and HFCs could grow to INR 20 lakh crore. Growth is driven by strong housing demand and limited unsecured credit access. Affordable housing lenders, with low NPAs and steady returns, currently hold about 11% of the mortgage market. Their loan books largely serve self-employed borrowers and self-construction loans. While credit quality remains strong, high operational costs and rising competition may pressure margins, making efficiency and cost control key priorities.Read more

05 Aug 2025

Aptus Value Housing Finance India posted a 27.66% year-on-year rise in net profit to INR 219.25 crore for Q1 FY26, with total income climbing 31% to INR 530.14 crore. Assets under management grew 24% to INR 11,267 crore, while disbursements reached INR 775 crore. Over 90% of customer agreements and 94% of collections were digital. Operating profit after tax rose 31% to INR 296 crore, with stable spreads and moderate expenses. Though NPAs rose slightly to 1.49%, credit costs remained within target. The company reaffirmed its digital-first strategy and aims to grow AUM to INR 25,000 crore by FY29. CARE upgraded its credit rating outlook to 'AA; Stable'.Read more

04 Aug 2025

JSW Infrastructure Ltd., India's second-largest private port operator, is focusing on its logistics business, JSW Logistics, with an ambitious target of INR 700-800 crore in revenue and INR 100 crore in pre-tax profit (EBITDA) for fiscal year 2026. This push comes as JSW Logistics plans to expand its service offerings beyond JSW Group companies, aiming to gain market share in India's growing third-party logistics (3PL) sector. The strategy involves leveraging its existing infrastructure and expertise to provide integrated logistics solutions, positioning the company for significant growth in the country's expanding logistics market.Read more

04 Aug 2025

CoStar Group has filed a lawsuit against Zillow, accusing the real estate platform of unauthorized use of nearly 47,000 copyrighted property images to bolster its rental listings business. These images, many of which carried watermarks, were reportedly published on Zillow's platform and syndicated to sites like Realtor.com and Redfin. CoStar is seeking over USD 1 billion in compensatory and punitive damages, alleging the infringement was both extensive and intentional. The company also warned it may take similar legal action against Zillow's syndication partners unless the disputed content is promptly removed.Read more

04 Aug 2025

Embassy Office Parks REIT, Asia's largest office REIT by area, recorded its highest-ever first-quarter leasing performance with 2.0 million square feet transacted across 25 deals. The firm noted a 13% year-on-year rise in revenue and a 15% increase in net operating income. Strong pre-leasing activity was witnessed in Chennai, and the REIT raised INR 4,225 crores in debt to capitalise on favourable market conditions. Additionally, it initiated the divestment of strata-owned blocks in Bengaluru and explored new development opportunities in Whitefield.Read more

04 Aug 2025

The latest Equirus Securities report shows that Real Estate Investment Trusts have captured approximately 43 % of all capital raised through primary markets since FY18, while small-cap real estate firms have generated an impressive 17 % return in the past year outperforming REITs at 15.2 %, mid-caps at 2.5 %, and large-cap realty firms which posted negative returns. Meanwhile, the warehousing segment has doubled in scale, helped by policy reforms and expanding demand from e-commerce. Overall, investor appetite has shifted decisively toward nimble, high-growth firms and income-yielding instruments.Read more

04 Aug 2025

Ranchi's district registration office saw a sudden spike in land registrations this past week, as homebuyers and investors rushed to complete their paperwork before the nearly 10% hike in circle rates came into effect. The increase will impact all 53 municipal wards and 13 surrounding mouzas, leading to a direct rise in stamp duty and registration charges. A total of 1,523 properties were registered in July almost double the average monthly count. The hike affects both residential and commercial land valuations, prompting a last-minute rush among buyers.Read more

04 Aug 2025

Knowledge Realty Trust, backed by Sattva Group and global investment giant Blackstone, is all set to launch its INR 4,800 crore Real Estate Investment Trust (REIT) Initial Public Offering (IPO). The REIT recorded a 19% growth in net operating income (NOI), touching INR 3,432.26 crore in the previous financial year. With 46.3 million sq ft in total leasable space and an expected Gross Asset Value (GAV) of INR 61,998.9 crore by March 2025, KRT is poised to become the largest office REIT in the country by both GAV and NOI.Read more

04 Aug 2025

Omaxe Group has secured INR 500 crore in funding from Oaktree Capital Management L.P. This investment aims to speed up the completion of Omaxe's residential, commercial, and public-private partnership (PPP) projects, while also providing funds for ongoing developments. A significant portion of this funding, INR 431 crore, was raised by Omaxe New Chandigarh Developers through non-convertible debentures via private placement. The funding highlights Omaxe's focus on strengthening its balance sheet, having repaid over INR 1,200 crore to lenders recently, and its strategy to explore new growth opportunities in key markets.Read more

03 Aug 2025

Decathlon plans to increase its sourcing from India to USD 3 billion by 2030, more than six times the current volume. India's share in the company's global sourcing is expected to grow from 8% to 15%. The sports goods retailer already sources goods worth over USD 480 million from India and is on track to locally produce 90% of the products it sells within the country. With 113 manufacturing units and 83 suppliers in India, Decathlon aims to use India as a key sourcing base across various categories including textiles, fitness gear, electronics, and sports accessories.Read more

03 Aug 2025

Sundaram Home Finance Ltd recorded a net profit of INR 62 crore for the April-June 2025 quarter, a slight decrease from the previous year. Despite this, the company saw increased disbursements, which rose to INR 1,488 crore. Its Assets Under Management (AUM) also grew significantly, reaching INR 18,027 crore by June 30, 2025. As a wholly-owned subsidiary of Sundaram Finance Ltd, the company expanded its operations by opening two new branches in Madhya Pradesh, highlighting its continued growth in the housing finance sector across India, offering various loan products for homes and properties.Read more

02 Aug 2025

McDonald's has put eight high-street retail properties in Hong Kong up for sale for about HKD 1.2 billion (USD 153 million), while continuing to operate from these locations under long-term lease agreements. The sale, managed by JLL, includes sites in key shopping districts like Causeway Bay, Tsim Sha Tsui, and Mong Kok. The company plans to sell a total of 23 properties in phases. Investor interest has already been high. The move aligns with McDonald's broader portfolio strategy and comes amid a retail slowdown in the city.Read more

02 Aug 2025

Arvind SmartSpaces reported a 159% rise in net profit in the first quarter of FY26 compared to the same time last year. Revenue also went up by around 37% year-on-year. However, the company saw a sharp decline in profit and revenue when compared to the previous quarter. Bookings and collections were lower too. Despite this, it maintained strong cash flow and had no net debt. The company plans to launch new projects worth INR 5,000 crore across Gujarat, Bengaluru, and Mumbai Metropolitan Region.Read more

01 Aug 2025

Brigade Hotel Ventures Ltd made its stock market debut with a near 10% discount against its issue price of INR 90, despite strong investor demand during its IPO, which was subscribed 4.48 times. The shares opened at INR 82 on BSE and INR 81.10 on NSE, pulling the company's market valuation to around INR 3,279.94 crore. The IPO, an entirely fresh issue worth INR 759.6 crore, aims to fund debt repayment, land acquisition from parent firm BEL, and strategic initiatives. The firm operates nine hotels across major Indian cities in partnership with international hotel chains.Read more

01 Aug 2025

Embassy Office Parks REIT posted a 15% year-on-year jump in net operating income, reaching INR 871.8 crore in Q1 of the current financial year. It announced a distribution of INR 549.8 crore to unitholders for the April-June quarter, up 4% from last year. Leasing activity was strong, with 2 million sq ft leased-comprising new deals, renewals, and pre-leased space-marking a 9% annual rise. On the leadership front, Ritwik Bhattacharjee stepped down as interim CEO but will stay on as Senior Advisor. Amit Shetty has been named the new CEO and will assume the role from August 2025.Read more

01 Aug 2025

Flexible workspace provider Incuspaze has leased 3 lakh sq. ft. across three properties in Jaipur-The Edge, Sitapura Campus, and GT Landmark-marking a strategic expansion into Tier 2 markets. The move aligns with rising demand from GCCs and innovation-led companies. Jaipur's growing appeal lies in its infrastructure, affordability, and talent pool. Nationwide, flexible space operators leased 1.6 million sq. ft. in Tier 2 cities in 2023, with Jaipur seeing a 74% YoY leasing surge in Q1 2025. Incuspaze now operates in 18+ cities with a 4 million sq. ft. portfolio, aiming for INR 350-400 crore revenue in FY26 and an upcoming IPO.Read more

01 Aug 2025

Laxmi India Finance Ltd, a Jaipur-based NBFC, launched its INR 254.26 crore IPO earlier this week, receiving a lukewarm response on the first day with only 37% overall subscription. The offering, priced between INR 150 and INR 158 per share, includes both a fresh issue and an offer for sale by promoters. While retail investors showed better enthusiasm with 60% subscription, institutional and high net-worth categories remained cautious. The company raised over INR 75 crore from anchor investors a day before the issue opened.Read more

01 Aug 2025

Adani Green Energy's shares rose 3% recently following the announcement of its robust financial performance for the first quarter of the current fiscal year. The company reported a significant increase in its net profit after tax, alongside healthy growth in its revenue from operations. This positive momentum is attributed to a substantial rise in the sale of energy, which grew by 54% year-on-year, driven by operational capacity expansion. This strong Q1 performance highlights Adani Green Energy's continued leadership in India's renewable energy sector and its positive trajectory in a market focused on green solutions.Read more